Akoni Hub
- Company typePrivate
- Founded2015
- HeadquartersLondon, United Kingdom
- Headcount1–10
- GTM typeB2B and B2C
- OfferingSoftware
Akoni Hub firmographics
Firmographics- Name
- Akoni Hub
- Legal name
- Akoni Hub Limited
- Website
- https://akonihub.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Akoni Hub industry classification
Industry- Product category
- Cash Management & Savings Aggregation Platform
- NAICS
- Funds, Trusts, and Other Financial Vehicles (525), Other Financial Vehicles (525990)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Digital Wallets & Account Aggregation Hub (Multi-account, Stored Value) (FSAGAAAD)
- akta.pro secondary industry
- Embedded Deposit Accounts & Digital Wallet Infrastructure (FSAGALAE)
Keywords
Where Akoni Hub is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
Akoni Hub business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Deposit Management Fees: Akoni charges a fee of up to 0.25% per deposit placed through the platform. Additionally, an additional fee of up to 0.20% is deducted from the gross interest paid by bank partners before it is paid to the customer. The displayed rate is the rate the customer receives.
- Free Platform Services: Deposit Planner, marketplace, and personalised cash report service are provided free of charge. This attracts users to the platform where they then pay deposit management fees on transactions.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Individual Savings Accounts |
| Transaction based/ take rate | Pay-as-you-go | Business Savings Accounts |
| Transaction based/ take rate | Pay-as-you-go | Trust Savings Accounts |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels9 records
Akoni Hub product offering
Product offeringCore offering
Akoni Hub operates a digital cash savings platform that aggregates deposit products (Instant Access, Notice, and Fixed-Term accounts) from over 20 UK banking partners into a single application, enabling customers to open and manage multi-bank FSCS-protected savings through one dashboard. Segment-tailored modules are offered for individuals, businesses, charities/non-profits, schools, trustees, Power of Attorney holders and financial advisers, with a white-label option for adviser firms and an algorithm-driven rate search supported by Fitch Implied Credit Scores.
Product overview
Akoni Hub operates as a cash savings aggregation platform built around an Akoni Hub and Panel bare trust structure. The core product is the Akoni Cash Management Platform, which serves as a unified interface through which users can access savings products from over 20 UK banking partners via a single application. The platform offers three primary deposit types: Instant Access, Notice, and Fixed-Term accounts. Distinct product modules target specific customer segments including Individual savers, Business clients, Charities and non-profits, Financial Advisers (with dedicated adviser portal and white-label options), Schools, Trustee accounts (for various trust types), and Power of Attorney holders. Additional services include Business Insurance comparison and the Deposit Planner Dashboard for portfolio management. The platform uses Fitch Implied Credit Scores to assist users in bank selection decisions.
Differentiator
Problem solved
Functional benefit
Products and services
- Akoni Cash Management Platform Unified digital cash savings platform that enables customers to search, compare and open savings accounts across multiple UK banking partners through a single application, providing access to Instant Access, Notice, and Fixed-Term deposit accounts. Targeted at UK consumers and organisations seeking diversified, FSCS-protected cash holdings.
- Individual Savings Accounts Personal savings management for UK individuals and families, providing access to competitive rates from multiple banks with FSCS protection through one unified application, with no minimum deposit.
- Business Cash Management Cash management solution for UK businesses providing built-in liquidity and risk controls, with access to interest-bearing deposit accounts and tools for tracking cash positions across multiple banks.
- Charity Cash Management Savings platform for UK charities and non-profits with no minimum deposit requirements, enabling fund managers to access higher interest rates and spread deposits across multiple FSCS-protected banks.
- Financial Adviser Portal Adviser-facing dashboard providing a 360-degree view of client cash positions, with self-service or fully managed cash management capabilities and access to an Advisor Resource Centre, available to IFA and wealth management firms.
- White Label Cash Management Branded white-label deployment of Akoni's cash savings platform offered at no extra cost to IFA firms and wealth management companies, including full Adviser Portal access for the entire team and back-office API integrations.
- School Deposit Accounts Cash management solution for UK schools including Independent Schools, Multi-Trust Academies and SEN schools, providing access to up to 10 FSCS-eligible UK banks through one application to maximise school budgets.
- Trustee Savings Accounts Trust savings accounts supporting Will Trusts, Discretionary Trusts, Bare Trusts, Interest in Possession Trusts and Personal Injury Trusts, with a dedicated Savings Support team and Business Development Manager support and a £50,000 expected minimum deposit.
- Power of Attorney Savings Accounts Savings account management for attorneys and solicitors acting under registered Power of Attorney, offering Instant Access, Fixed-Term and Notice accounts through a single application with UK FCA and PRA regulated banks.
- Business Insurance Comparison Business insurance comparison service covering Employers' Liability, Public Liability, Professional Indemnity, Product Liability, Business Interruption and Property Insurance, quoting from markets including Lloyd's of London.
Quantifiable outcome
- Returns increased by over 20%
- +2 more outcomes
Companies that use Akoni Hub
Customer profileNamed customers4 records
Segments8 records
Ideal customer profiles8 records
Akoni Hub technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Akoni Hub partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered core and minor.
- Griffin BankcoreAkoni welcomes Griffin to its panel of banking partners, expanding options for savings deposit accounts on the platform.
- iFast Global BankcoreiFast Global Bank launches partnership with Akoni Hub for savings products.
- SBI UKcoreSBI UK launches partnership with Akoni Hub for savings deposit products.
- United Trust BankcoreUnited Trust Bank forms savings partnership with Akoni Hub.
- Paragon BankcoreParagon Bank forms savings partnership with Akoni Hub.
- LEBCminorLEBC launches Bionic Cash powered by Akoni, a white-label cash management solution for the advisory firm.
- InvesteccoreInvestec forms savings partnership with Akoni Hub.
- BLME (Bank of London and The Middle East)coreBLME partners with Akoni Hub to provide enhanced savings management services.
- TISAtechminorAkoni is an official member of TISAtech, a technology ecosystem for financial services innovation.
- Skipton InternationalcoreAkoni Hub partners with Skipton International to provide enhanced savings management services.
- Sainsbury's BankcoreSainsbury's Bank forms savings partnership with Akoni Hub.
- Redwood BankcoreRedwood Bank forms savings partnership with Akoni Hub.
- Teachers Building SocietycoreTeachers Building Society forms savings partnership with Akoni Hub.
- Shawbrook BankcoreShawbrook Bank forms savings partnership with Akoni Hub for deposit products on the platform.
- Stubben Edge (Risk) LtdcoreAkoni Hub Limited is an Authorised Representative of Stubben Edge (Risk) Ltd, who is authorised and regulated by the FCA (FRN 943286). Stubben Edge Group is the parent company of Akoni Hub.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
Akoni Hub competitors and assessment
Company assessmentDirect peers
- Raisin (Raisin UK): Raisin operates a savings marketplace aggregating deposit products from multiple European banks for retail savers, most directly comparable to Akoni's multi-bank cash aggregation model. Both platforms rely on bank partner revenue-sharing and target FSCS-protected equivalents.
- Moneyhub: Open Banking and Open Finance data aggregator that powers cash management and personal finance management tools; Akoni has an explicit integration partnership with Moneyhub. Both operate UK fintech infrastructure for adviser and consumer cash insight.
- Moneybox: UK consumer app combining savings, investing, and home purchase functionality with multi-bank deposit aggregation behind the scenes. Targets similar mass-affluent retail demographic with PLG onboarding.
- Octopus Cash: Cash savings product from Octopus Investments offering easy-access and fixed-term savings from a curated panel of UK banks. Direct competitor in the UK cash aggregation / savings marketplace category.
Broad incumbents
- Hargreaves Lansdown: Largest UK retail investment platform offering cash savings alongside funds, shares and pensions. Adjacent rather than direct, but competes for the same customer wallet share on UK savings and cash holdings within advised and self-directed segments.
- AJ Bell: UK investment platform with cash savings components, serving advised and direct investors. Comparable as a UK savings-and-investment platform, though primarily investment-led rather than cash-led.
- Atom Bank: UK digital challenger bank offering savings products directly to consumers and businesses. Competes for the same end customer seeking competitive cash deposit rates through a digital-first experience.
- Starling Bank: UK digital challenger bank with FSCS-protected savings and business accounts. Competes with Akoni at the customer-acquisition level for UK savers and SMEs seeking higher-yield cash options.
Emerging players
- Wealthify: UK digital wealth manager owned by Aviva, offering ISAs and general investment accounts alongside cash options. Comparable as a UK consumer fintech platform targeting mass-market savers and investors through a simplified UX.
- ClearBank: UK BaaS / clearing bank enabling third parties to offer deposit and payment products; tangentially related to Akoni's role as an aggregator on top of bank balance sheets. Less direct overlap, but adjacent infrastructure layer.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Akoni Hub social profiles
Digital presenceAkoni Hub financial estimates
Financial estimateRevenue estimate
Valuation estimate
Akoni Hub leadership team
Management profileNumber of profiles
Akoni Hub funding detail
Funding detailFunding overview
Funding rounds4 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Akoni Hub M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Akoni Hub
What does Akoni Hub do?
Akoni Hub operates a digital cash savings platform that aggregates deposit products (Instant Access, Notice, and Fixed-Term accounts) from over 20 UK banking partners into a single application, enabling customers to open and manage multi-bank FSCS-protected savings through one dashboard. Segment-tailored modules are offered for individuals, businesses, charities/non-profits, schools, trustees, Power of Attorney holders and financial advisers, with a white-label option for adviser firms and an algorithm-driven rate search supported by Fitch Implied Credit Scores.
Is Akoni Hub a public or private company?
Akoni Hub is a private company. It is classified as corporate owned and is currently operating.
When was Akoni Hub founded?
Akoni Hub was founded in 2015. It employs 1 to 10 people.
Where is Akoni Hub based?
Akoni Hub is headquartered in London, United Kingdom, in the Europe region.
How does Akoni Hub make money?
Two revenue lines are on record. Deposit Management Fees are the primary driver. The others are free Platform Services.
Who are Akoni Hub's main competitors?
Direct peers on record are Raisin (Raisin UK), Moneyhub, Moneybox and Octopus Cash. Broad incumbents are Hargreaves Lansdown, AJ Bell, Atom Bank and Starling Bank. Emerging players are Wealthify and ClearBank.
Does Akoni Hub have an API?
No public API is recorded for Akoni Hub.
What industry is Akoni Hub in?
Akoni Hub's product category is Cash Management & Savings Aggregation Platform. Its primary akta.pro industry code is FSAGAAAD, Digital Wallets & Account Aggregation Hub (Multi-account, Stored Value), with a secondary code of FSAGALAE, Embedded Deposit Accounts & Digital Wallet Infrastructure. Its NAICS code is 525 and its SIC code is 6199.